Dubai firm raises stake for P&O

[spindrifter]

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In a statement P&O said the latest, improved offer from DP World represented a 71.3% premium of its closing price on 27 October - the last day before market rumours of a possible bid for the firm emerged.

It added the bid - which its board has unanimously recommended to shareholders - was also 10.6% higher than the offer made by PSA.

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Ports are currently reaping the rewards of an expansion in world trade, as goods made in Asia find their way to the US and Europe.
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The above is from a BBC-cached article on the P & O take-over. It is astounding that DP World would bit 10.6% more than rival PSA for the P & O opportunities. If we only knew more about the why of it. The 10.6% has to be related to the profits to be taken in Asian markets, rather than in the U.S. But maybe not.






http://news.bbc.co.uk/1/hi/business/4652628.stm